Reports: Bank of America among banks close to $10B foreclosure settlement

As it finishes 2012 as the best-performing blue-chip stock, Bank of America may be inching towards settling a major legal issue.

The New York Times and several other major news outlets are reporting Monday that Charlotte, N.C.-based BofA and other large U.S. banks are close to a $10 billion deal to settle charges of foreclosure wrongdoings. The settlement would resolve allegations that BofA and others wrongfully charged excessive fees or mishandled paperwork on millions of foreclosure cases. Bank…